Cenvat credit on lying stock

Shashank Johari (Finance Professional) (33 Points)

04 June 2013  

We have started purchasing of excise duty paid raw material immediately after receving our TIN no. form Sale Tax authorities, after a gap of alomst a year, we start manufacturing after registring ourselves with Excise authorities.

Can we get CENVAT Credit of the excise duty, in that month, in which, we start manufacturing of finished goods.??